HENATES

It was a positive day on Wednesday April 24, 2019 after no change recorded on Tuesday at the Ghana stock exchange. The Composite Index not only closed up, above average traded volume on Tuesday was surpassed as well. The GCI ended the day at 2395.37 up 3.4 points on Tuesday's 2391.97 as 3 price gains and only one drop was recorded. The lone decline was by Enterprise Ghana as it slipped GHs 0.01 per share to close at last deal price of GHs 2.15 per share compared to GHs 2.16 previously. Fam Milk closed up Ksh 0.2 per share , to lead price gainers. It had closed at last deal price of GHs 8 per share compared to GHs 7.8 per share on Tuesday Ghana Commercial Bank gained GHs0.04 per share  as it closed at last deal price of GHs 4 per share compared to GHs 3.96 on Tuesday GCB had recorded day high traded volume of 315,400 shares but closed with bid and offer moving further apart at GHs 3.96 and 4.5 per share respectively. The last price was also GHs 0.02 per share by Total ...

Which way for the All share index at Nairobi stock market was clearly a tug of war of sorts on Wednesday April 24, 2019 between price losers and gainers. Eventually, the gainers had the upper hand as the ASI rose by 0.24 points to 158.89 in spite of more price losers than gainers. There were 26 price drops compared to 15 gains and top 5 of decline was crowded as well but the ASI closed up on the back of equities with high market capitalisation. Leading price drop was by Limuru Tea as it closed at Ksh 450 per share, down Ksh 47.75 when compared  to Ksh 497.75 per share on Tuesday. There were other major price drops too. Williamson Tea shed Ksh 5 per share; Stanbic Holdings declined by Ksh 4 per share;  East African Portland Cement lost Ksh 1.85 per share and Diamond Trust Bank eased by Ksh 2.50 per share. On the other hand, British American Tobacco led price gains with Ksh 19 per share or 3.49% rally from Tuesday's dive while ex-div. It had crashed by the same margin on Tu...

At the Nigerian stock exchange, the two highest priced equities are Nestlé Nigeria and Seplat Petroleum so when their prices tumble, something must give. It did on Wednesday April 24, 2019 as leading tumble by both of them dragged the All share index down 0.59% to 29,898.31. This was despite more positive mood of the market which resulted in 21 price gains and 14 drops. The pressure downwards was even easier to apply because only one out of the 21 price gains was major while the 2 blue chips were joined by 3 other drops on the top 5 scale. Nestlé shed N30 or 1.90% per share  while witnessing 28 deals for 0.162m shares worth N250.701m. On the other hand, Seplat dropped by N25 or 4.39% per share in 19 deals through which 0.032m units were exchanged for N17.446m. The market leading price gainer on Tuesday was 11 PLC as it closed up N4.9 per share. On Wednesday, however, it shed to same amount or 2.72% per share while 0.050m of its shares were traded for  N8.754m. The 2 other m...

The Group Financial Officer for Ecobank Transnational Incorporated Greg Davis, has affirmed that the group's $450m euro bond issued at the London Stock Exchange main market was oversubscribed. In a notice He issued on Thursday before the Easter, Davis failed to give the % oversubscription but confirmed that it was embraced globally by investors from the UK, US, Europe, Middle East, Asia and Africa. The 5 year unsecured note was issued at 9.5% interest rate payable semiannually in areas. The money was raised for general  corporate purposes, added Davis and for refinancing of existing obligations. He quoted the Group CEO, Ade Adeyemi as saying of the bond's successful outing: "This is first for Ecobank and I am excited at the prospects of the group as we continue to the second phase of our 5 year roadmap to leadership strategy". On his part, Davis described it as a reflection of the appetite of high quality and real money institutional investors globally and...

Not one equity recorded any price change at Ghana Stock Exchange on Tuesday April 23, 2019 after the easter break. This was despite trade recorded in quoted companies for above average total daily traded volume. With the no change, top price equity in the market remained Standard Chartered Bank which closed at GHs 19 per share. This was also SCB's lowest price in a year and in spite of witnessing 2nd highest traded volume of 10,750 shares worth leading GHs 204,250 on Tuesday at the firm price. Its top price for the was GHs 21.44 per share. Two other equities were also priced in double digit: Unilever Ghana also closed at year low of GHs 17.69 per share and high of GHs 17.78 while Toluworks has been firm at GHs 11.94 per share through the year  Both recorded no deals. A total of 166,822 shares were traded compared to 144,651 on Thursday with MTN Ghana accounting for 150,000 units traded at firm GHs 0.7 per share in that the minute GHs 0.001 per share gain recorded, did not...

Relatively low investors interest at the Nairobi Securities Exchange persisted on Tuesday April 23, 2019 after the easter holidays. The number of deals struck once again fell below 1000 considered average. It closed at 943 making it 3 consecutive trading days below after almost 2 weeks run was punctuated on Tuesday last week. Traded volume continued to be fairly low too although on Tuesday there was an increase to 14.556m shares valued at Ksh 530.414m compared to 10.680m units worth Ksh 429.614m on April 18, 2019. So dry in fact that between banking sector and Safaricom above 90% of traded value was accounted for. The banking sector was responsible for Ksh 372m traded value or 70.23% with KCB Group leading the sector and market as 6.992m of its shares were exchanged for Ksh 314m at between Ksh 44.80 and 45.20 per share. Equity Group also chipped a bit with deals struck for 1.028m shares worth Ksh 43m while Cooperative Bank, down 1.41%, recorded 432,600 shares traded for Ksh 6...